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Westpac Collective Agreement Finance Sector Union Proposal Making Westpac a better place to work The results of the independent poll indicate a high level of engagement with the bank: 78% say that overall they are satisfied working at the bank. 82% say that they are treated with respect. 91% believe the bank has good corporate ethics.

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Westpac Collective Agreement Finance Sector Union Proposal Making Westpac a better place to work The poll also highlights inequities: 93% of Westpac employees believe there should be a common set of employment conditions across the Group. 87% of Westpac employees believe it is unfair that they don’t receive a guaranteed pay increase in 2009 while St George employees do. Pay, job security, staffing and targets are identified as the most important issues to be addressed in a new Collective Agreement.

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Westpac Collective Agreement Finance Sector Union Proposal Pay 96% say pay increases should be at least on par with the cost of living. 87% say that it is unfair that Westpac employees do not receive a guaranteed 4% pay increase while St George employees do. Westpac pay rates for CSR’s compare unfavourably against similar positions in other banks. Average weekly ordinary time earnings in the private sector increased by 5.7% in the year to May 2009 (ABS)

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Westpac Collective Agreement Finance Sector Union Proposal Pay cont… The finance sector has the worst gender pay gap in Australia and it is growing. The FSU survey 2009 identified that 66% of Westpac employees do not believe they will have enough superannuation for their retirement. Over 30 finance industry employers (eg Nab, IAG and BoQ) currently contribute above 9% SGC.

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Westpac Collective Agreement Finance Sector Union Proposal Staffing / Workloads 77% say that they need more relief staff to cover absences. 64% say that there are not enough staff. 35% say they are put under pressure to come into work when they are sick. 50% say that they are expected to do unpaid overtime. 40% say that their workload has a negative impact on their family / community commitments.

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Westpac Collective Agreement Finance Sector Union Proposal Targets & Performance 80% want more say in the setting of their performance objectives. 59% say that their objectives are not adjusted for approved absences. 49% say they feel stressed about their workload. 46% say their performance objectives are not achievable in normal work time.

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Westpac Collective Agreement Finance Sector Union Proposal Leave 52% of respondents said that it’s difficult to access annual leave when they want to. 35% say they are put under pressure to come into work when they are sick. The FSU staffing audit in Westpac retail revealed that 30% of branches were not provided with relief staff when people are on leave. 80% of respondents to the poll want paid parental leave in a binding agreement.

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Westpac Collective Agreement Finance Sector Union Proposal Dispute Resolution 89% of respondents to the poll said that a new Collective Agreement should include access to an independent umpire to resolve problems when Westpac and the Union disagree about an issue.  Access to an independent umpire to resolve difficult workplace disputes.

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Westpac Collective Agreement Finance Sector Union Proposal Same Work, Same Value – Best of Both  The new Agreement to include the best provisions of the current St George and Westpac Awards and Agreements. 87% believe there should be a common set of employment conditions across the Group.

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Westpac Collective Agreement Finance Sector Union Proposal The FSU claim for a new Westpac Collective Agreement is about making Westpac a better place to work. We believe our claim is consistent with the bank’s ambition to have the industry’s leading work policies and practices.